The sequential search model: A framework for empirical research
本文详细介绍了Weitzman(1979)提出的序贯搜索模型的实证实施,包括模型假设、搜索成本和偏好参数的识别、弹性与福利公式以及不同估计方法,旨在为实证工作提供统一的知识整合。
Abstract We provide a detailed overview of the empirical implementation of the sequential search model proposed by Weitzman (1979). We discuss the assumptions underlying the model, the identification of search cost and preference parameters, elasticities and welfare formulas, and different estimation approaches. The goal of this paper is to consolidate knowledge and provide a unified treatment of various aspects of sequential search models that are relevant for empirical work.